Which of the following investments will have the highest future value?   Group of answer choices   $1,100 invested at a quarterly interest rate of 3.25% for 10 years   $2,100 invested at an annual interest rate of 12% for 5 years   $2,100 invested at a quarterly interest rate of 3.25% for 5 years   $1,100 invested at an annual interest rate of 12% for 10 years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 29P
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Which of the following investments will have the highest future value?

 

Group of answer choices

 

$1,100 invested at a quarterly interest rate of 3.25% for 10 years

 

$2,100 invested at an annual interest rate of 12% for 5 years

 

$2,100 invested at a quarterly interest rate of 3.25% for 5 years

 

$1,100 invested at an annual interest rate of 12% for 10 years

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